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The XRP price surged 5% in the last 24 hours to trade at $3.01 as of 4:40 a.m. EST on trading volume that dropped 24% to $5.64 billion.
The rise in the Ripple Token price comes as the CoinMarketCap Altcoin Season Index rose 2 points to 42/100, suggesting investors are turning their attention away from Bitcoin and back to smaller-capped cryptos.
XRP Price Prediction
While most cryptos have seen a correction throughout last week, XRP has spent most of this period trading sideways, with minor fluctuations between $3 and $3.15. On Friday, it finally broke the support at $3, eventually spiraling down to $2.80. It then started a recovery on Sunday, which allowed it to climb back to $3 in the early hours of Monday morning.
However, this level started acting as a strong resistance that has been holding it back from progressing further, despite several attempts to go beyond it. The coin’s Bollinger Bands have also widened yesterday as the surge started, but have since narrowed somewhat after XRP hit the resistance.
XRP/USDT chart analysis (Source: TradingView)
As for the coin’s Relative Strength Index (RSI), it has been fluctuating between the neutral value of 50 and the edge of the overbought zone at 70. Right now, the coin’s price is still at $3.01, while the RSI is once again trying to grow from 50 upwards, which suggests that the price might break the resistance in the coming hours if the bulls can keep pushing.
Once the US traders join the market, the coin could potentially secure $3, and turn this resistance into a support — that is, if bears don’t overwhelm the market in the meantime.
Promising Alternative To XRP
While XRP has the potential to grow, investors are turning to Bitcoin Hyper (HYPER) — a new presale in the Bitcoin ecosystem that could be a major game-changer for the world’s oldest cryptocurrency.
Bitcoin Hyper is the fastest Bitcoin layer-2 (L2) protocol, and its goal is to revolutionize the Bitcoin network by bringing scalability and speed, which is something that Bitcoin has been lacking for well over a decade now.
Thanks to its L2 technology, the project can unlock fast and cheap Bitcoin transactions, which could open the door to new products and faster transfers. As a result, the project could enable fast payments, the creation of dApps, and even meme coins, all on Bitcoin’s network.
Its website claims that 2025 will be remembered as the year Bitcoin Hyper changed everything for the BTC ecosystem, but for now, the project remains in ICO.
Even so, investors have developed a strong interest in it, investing more than $6.9 million so far. Some of the more optimistic predictions even claim that it could be the next 1000x crypto. One such prediction came from crypto experts behind 99Bitcoins, a crypto YouTuber channel with over 723k subscribers.
If you wish to join others who invested in HYPER for only $0.012525 per token, buy now, before the next presale price hike in less than 29 hours.
Visit the Bitcoin Hyper website.
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